Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy for the people of Los Angeles by unlocking innovation by working with startups to accelerate the commercialization of clean technologies, transforming markets through partnerships with policymakers, innovators, and market leaders in transportation, energy, and sustainable cities, and enhancing communities through workforce development, pilots, and other programs. Founded as an economic development initiative by the City of Los Angeles and Los Angeles Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI Global. In the past ten years, LACI has helped 340 portfolio companies raise $697 million in funding, generated $323 million in revenue, and created 2,565 jobs throughout the Los Angeles region, with a projected 5-year economic impact of more than $573 million. Learn more at laci.org
The Controller will oversee all accounting, treasury, tax, audit and GAAP financial reporting requirements applicable to 501C3 and C4 organizations, as well as equity and debt funds (LLP/LLC). Controller will oversee daily operations in the finance department, lead the accounting team, and report to the EVP Finance and Operations. Controller will work closely with SVPs to track and monitor various budgets for grants and contracts, as well as support the compliance team to maintain controls, records, and reporting in accordance with funder and tax/audit requirements.
What You’ll Do:
- Budgeting: Lead the org-wide annual budget process working closely with all departments (SVPs) to ensure accurate budget planning aligned with multiple funding streams and program spending targets; lead budget modifications (org-wide, program level or funder specific) as needed.
- Systems and Controls: Develop, implement, and maintain financial controls and guidelines; maintain and improve as needed accounting policies and procedures; enforce internal controls to maximize protection of company assets, policies and procedures, and timely workflows.
- Reporting: Oversee routine close cycles (e.g. month-end posting accruals, deferrals, reconciliations, quarterly impaired allowances, payroll entries, labor allocations, etc.), including journal entries in accordance with GAAP standards and nonprofit C3/C4 accounting; supervise accounting team in preparation and analysis of monthly interim financial budget-to-actual reports, grant burn-rates, cash flow forecast, and other routine financial reporting; provide comprehensive financial updates to senior managers by evaluating, analyzing, and reporting appropriate data points.
- Team Lead Supervision: Supervise accounting team in the ongoing routine tasks and other projects relating to accounts receivable (including contract invoice/billing/ collections) and accounts payable, analyzed general ledger and journal entries; in coordination with Human Resources team, oversee the bi-weekly payroll process including administration of employee benefits.
- Compliance/Documentation: Maintain accounting documentation, budgets, and filing systems in accordance with GAAP and the terms and conditions of LACI's charitable grants and local, state, and federal contracts—some of which have quite extensive compliance that requires support from finance for billing—with various government agencies and funders.
- Tax and Auditing: Ensure compliance reporting for LACI and its debt and equity funds with local, state, and federal government requirements including tax filings, as well as audits (internal and external funder monitoring) including A-133 audit level compliance.
Why You’re Right for the Job:
- You’re super organized. In fact, your organization, attention to detail and time management skills are award-worthy! (Color-coded Excel spreadsheets and pivot tables, anyone?)
- You’re a numbers person who is also a people person. In addition to your crazy accounting skills, you are an excellent communicator, great listener, and you’re not afraid to ask questions.
- You’re willing to go the extra mile. You’re a go-getter and self-starter with the ability to work effectively in a fast-paced environment.
- You’re adaptable. You can flex comfortably between working independently with limited supervision, and operating fluidly within a dynamic team environment.
- People trust you. You are honest, trustworthy and have the ability to maintain discretion in handling sensitive information.
Basically, we want to know you can get the job done. This means you have:
- Bachelor's degree in accounting/ finance
- 7+ years accounting experience including at least 2+ years at controller-level
- Not-for-profit accounting with strong working knowledge of GAAP and dual-entry accounting
- Experience working with US federal government reimbursement-based contracts
- Accounting software such as QuickBooks (including use of job-codes), Airbase, Expensify, and others
- Experience lead on tax and audit
- Working knowledge of payroll taxes and processing
- Proficiency using advanced formulas in Excel and Google Sheets
- Excellent organization and time management skills; detail oriented, self-starter able to prioritize
- Ability to assess audit risk and materiality with routine transactions
- Ability to maintain confidentiality of personnel and other financial information
- Decision-making, problem-solving, and analytical skills
- Certified Public Accountant or Certified Management Accountant designation preferred
- Supervising teams
- LACI is hybrid office work requirement; must be able to work onsite (2+ days/week) from Downtown LA office.
This is a full-time position, starting immediately. LACI operates out of the La Kretz Innovation Campus, in the bustling Downtown LA Arts District. Since we are rapidly growing, you will be getting in on the ground floor at LACI, with the opportunity to evolve with us and shape your future here. Some travel may be required.
Salary Range: Range $138-150k commensurate with experience, education, skills, etc and total compensation package including health benefits, 401k match, professional development, commuter benefits and more.
In addition to working on a campus with other innovators, we offer industry competitive benefits including: paid holidays, vacation/sick time, health benefits, 401(k) plan with match, and paid parking (with EV charge stations). We also support alternative transportation with a metro pass and bikeshare for every employee.
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